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| Chief Anayo Nwosu |
When
the buyers’ abilities to buy are diminished due to reduced profit or lowering
disposable incomes, a smart businessman or salesman should immediately readjust
his or her product offerings to the price range the customers can buy or
afford. It could also require a product engineering and deep thinking.
Extra-smart
#Nigerians are getting shares of the new #Lagos by acquiring #plots, acres and
hectares of land at #Ibeju #Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html
Most
salesmen or businesspeople who fail to smell the coffee or move with the cheese
would later sink with their stubbornness or lack of ability to analyze business
situations and reacting accordingly. Unfortunately, many businesses would and
have already started sinking early enough; and would sink further
post-COVID-19.
The
effects of depleting cash in the pocket, unemployment in all sectors of labour
cadres, poor sales or output caused by bad economy are the initial impacts on
the rental income of or poor sales for those owners/developers of real estates
and service flats in highbrow areas like Maitama, GRA PH, Ikoyi, Victoria
Island, Lekki Phase 1 and all those who own the beautiful houses in
well-organised gated estates on the Lekki peninsula axis and Banana Island,
Ikoyi Lagos Nigeria with high annual or monthly service charges.
Have
you heard that #Landwey is giving out plots of land at #URBAN #PRIME TWO #ESTATE
at #Abraham #Adesanya #Roundabout, #Ajah, #Lagos? You can get yours by clicking:
http://www.tectono-business.com/2020/02/urban-prime-two-estate.html
While
it is a reality that a lion would never eat grass no matter the economy in the
jungle, the rich and the survivors of the harsh economy would still keep living
big but their numbers be depleted. Upper and upper-middle class are fast
depopulating. That’s why most houses slated for sale or let in the high brow
areas in Lagos, Abuja and Port Harcourt still have wooden adverts hanged
permanently on their gates with nobody renting or buying.
In the
wake or in view of the present bad economic weather, I advise players in the
real estate sector, especially the developers, to consider doing the following:
Wow!!!
Have you discovered where #CEOs and top #managers take their #vehicles to for
body work, painting with #Sikkens #paint and #oven #baking? It’s GOF AUTOS LTD.
For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
1.
Build houses in areas with lower or moderate value of land to make the off-take
prices of their apartments affordable. This would also ensure that those built
for rent are affordable to tenants whose incomes have been lowered by harsh
economy.
2.
Builders should work with their architects and civil engineers to reduce
convolutions in the building designs to save materials and labour costs.
Straight and simple designs like Festac housing designs would produce low-cost
houses for sales or rents.
Are you aware that many #Nigerian
#exporters have been defrauded in the process of #exporting their #products? To
#export successfully and get paid, click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
3. Now
the majority of the populace are around middle and low income classes, why
won’t a developer build houses which costs would approximate N15mn and
encourage buyers to use their National Housing Scheme loans to buy? Any worker
in Nigeria’s public and private sector is entitled to a housing loan of up to
N15mn at about 5%p.a interest rate and tenored for up to 15 years from the
Federal Mortgage Bank of Nigeria provided that the statutory deductions are
made by the employers from the work’s salary.
4. A
smart developer can enter into an agreement with blue chip companies like banks
who give mortgage loans to their employees, agree on designs and location, and
build apartments that would be off-take by the employees while their employers
pay the developer and book mortgage loan for the benefitting staff.
Do you know that you will minimize
the amount of #money you spend on #food items when we deliver the #foods items
to you in bulk at reduced #price from our #farms? For details, click: http://www.tectono-business.com/2020/02/fresh-food-items-supply.html
5.
Those developers who had built up their houses before the annoying COVID-19
arrived with its economic consequences, should consider renting out the
buildings or apartments that were planned for outright sales at reasonable
rates. This would ensure some revenues while waiting for the economy to pick up
or the right time to sell.
6. A
developer could adopt a strategy of tenant-house-purchase scheme whereby the
tenant pays normal rent but at the same time pays by installments for the
eventual acquisition of the rented property.
Do you know what? Let #Tigerland
#Technology #Services Ltd deliver world-class #BUILDING #MATERIALS to your #SITE
at very #affordable #rates. For details, click:
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It is
suicidal for a real estate developer to ignore signs of times and continues
developing what he cannot sell or rent at profitable prices. Even their big
customers who are into drugs, money laundering and stealing of our patrimony
are also caught up in the web of hard times. Someone would have to drink tea
first before asking for Ovaltine or Over-tea.
Securing
a bank loan for real estate development for sale is a tough sell at this time.
This is simply because the banks would not be able to see how the built houses
or apartments would be sold early enough for loan repayment at this gloomy
period.
Have
you thought about having a 5-#Bedroom #Apartment with #Penthouse and Indoor #Swimming
#Pool near Pan #Atlantic #University?
For details, click: http://www.tectono-business.com/2019/08/have-you-thought-about-having-5-bedroom.html
Given
the foregoing, any risk taker in real estates at this time must do it with his
or her own funds.
It is
a tough one.
anayonwosu@icloud.com
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